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A development goldmine on 763 sq m approx. For Sale

68 Springvale Rd, Nunawading, VIC, 3131

A development goldmine on 763 sq m approx.

House
Type
5
Bedrooms
2
Bathrooms
4
Parkings

Published on Tuesday, March 03, 2026 ( See property details for 68 Springvale Rd, Nunawading, VIC, 3131)

$880,000 - $950,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

Spacious five-bedroom family home on a large 765 sqm block, perfectly positioned for redevelopment and convenient living in Nunawading.

🏑 Property Highlights

  • Expansive 765 sqm block ideal for redevelopment
  • Prime location close to Eastern Freeway and public transport
  • Walking distance to top schools and community amenities
  • Original five-bedroom home with rental potential
  • Surrounding excellent shopping and dining options
  • Suitable for multi-townhouse development (STCA)

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Outdoor Area
  • Garage
  • Waterfront / Views
  • Home Office / Study
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)
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68 Springvale Rd
Nunawading, VIC 3131
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Vertical aerial view β€” 68 Springvale Rd
68 Springvale Rd — Vertical Aerial  •  Nunawading, VIC 3131  •  Nearmap © 2026

Nunawading is a vibrant suburb renowned for its excellent schools, convenient transport options, and proximity to shopping and recreational facilities. It offers a family-friendly environment with easy access to the Eastern Freeway, making it ideal for commuters. The area features a mix of original homes and potential redevelopment sites, attracting investors and families alike. Local parks and community hubs foster a welcoming atmosphere, while the diverse retail and dining options cater to all tastes.

What is the potential for redevelopment on this property?
The large 765 sqm block offers excellent potential for a multi-townhouse development, subject to STCA approval.
Is the current house suitable for rental income?
Yes, the original five-bedroom home can be leased out to generate income while planning for future development.
What are the nearby amenities and transport options?
The property is close to schools, parks, shopping precincts, and is just metres from bus stops and the Eastern Freeway for easy city access.
Are there any planning restrictions or approvals needed?
Development plans are subject to council approval (STCA), and it is recommended to consult with local authorities for specific zoning and planning requirements.
What is the condition of the existing home?
The home is original and may require updates or renovations, offering an opportunity for customization.
Are there any existing easements, covenants, or zoning restrictions affecting the property? Has a recent pest and building inspection been conducted? Are there any planned developments or construction nearby that could impact the property? What are the council rates and potential costs associated with redevelopment? Is there any history of flooding or bushfire risk in this area? Are there any strata or community title considerations for future development? What are the potential costs for preparing the site for redevelopment? Are there any existing planning permits or approvals in place? Is the property compliant with all local building codes and regulations? Are there any known issues with the existing structure or land that could affect future use?

68 Springvale Rd, Nunawading, VIC, 3131 - More Details

A development goldmine on 763 sq m approx.

Get ready to lock in a prosperous future with the help of this expansive allotment of approximately 765 square metres. In a prime location that is close to the Eastern Freeway for an easy trip into the city or down to the Mornington Peninsula, there's a bus at the door for a swift trip to nearby Nunawading train station. A pleasant walk to Whitehorse Primary School, Mullauna College, the tennis club and Nunawading Community Hub, this great family location is surrounded by excellent shopping choices and mouth-watering eateries. Currently, there's an original five bedroom home that could be leased out for handy cash flow as you organise the construction of a lucrative multi townhouse development (STCA). - A large 765 sq m approx. block - Ideal block for a townhouse redevelopment (STCA) - Walk to excellent schools and parks - Surrounded by handy retail and cafes - Metres from the bus to the train station - Close to the Eastern Freeway Disclaimer: The information contained herein has been supplied to us and is to be used as a guide only. No information in this report is to be relied on for financial or legal purposes. Although every care has been taken in the preparation of the above information, we stress that particulars herein are for information only and do not constitute representation by the Owners or Agent. We always recommend undertaking your own due diligence.
Type
House
Bedrooms
5
Bathrooms
2
Parkings
4

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